Northwire Canada EditionSunday, August 2, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Copper Giant talks "high-grade" core from Mocoa

CGNT · Price

Executive Summary

  • Copper Giant announced assay results from drill holes MD‑049 and MD‑050 at the Mocoa copper‑molybdenum project, confirming a northern extension of the breccia corridor and defining a third high‑grade porphyry core.
  • Hole MD‑050 intersected 316 m grading 0.35 % CuEq (including 145 m @ 0.60 % CuEq), while hole MD‑049 returned 477 m grading 0.37 % CuEq with two high‑grade subzones (200 m @ 0.49 % CuEq and 71 m @ 0.43 % CuEq).
  • Both holes remain open at depth and laterally, supporting the view that Mocoa hosts multiple scalable high‑grade zones and justifying continued drilling from new lower‑elevation pads.

Key Details

  • Hole MD‑050 (third high‑grade core)
  • Total intersected interval: 316 m @ 0.35 % CuEq (0.25 % Cu, 0.02 % Mo).
  • High‑grade zone within hole: 145 m @ 0.60 % CuEq (0.39 % Cu, 0.05 % Mo).
  • Drilling halted at rig capacity in strong potassic altered porphyry with increasing Cu‑Mo grades.

  • Hole MD‑049 (northern breccia corridor extension)

  • Total intersected interval: 477 m @ 0.37 % CuEq (0.30 % Cu, 0.02 % Mo).
  • Subzone 1: 200 m @ 0.49 % CuEq (0.37 % Cu, 0.03 % Mo).
  • Subzone 2: 71 m @ 0.43 % CuEq (0.39 % Cu, 0.01 % Mo).
  • Final 76 m of hole: 0.39 % CuEq (0.37 % Cu, 0.005 % Mo).

  • Operational Context

  • Two drill rigs continue operating as part of a 14,000‑m resource expansion program.
  • New lower‑elevation drill pads are being advanced to increase efficiency and accelerate step‑out drilling.
  • Both holes were designed to test key geological hypotheses influencing the next stage of Mocoa’s growth (breccia corridor continuity and connection between East Valley and core).

  • Geological Observations

  • MD‑049 intersected strong sericite‑altered porphyry, low‑grade dacite porphyry, crackle‑breccia transitioning to hydrothermal breccia with chalcopyrite/molybdenite matrix.
  • MD‑050 encountered a low‑grade volcanic cover, followed by typical Mocoa‑style pyrite/phyllic alteration and potassic altered early microdiorite porphyry hosting Cu‑Mo mineralization.

  • Qualified Person

  • Edwin Naranjo Sierra, VP Exploration, NI 43‑101 Qualified Person, reviewed and approved technical information.

Notable Quotes

  • “Hole MD‑049 confirmed our hypothesis that the breccia corridor extends further north… These results demonstrate both the continuity and the upside of Mocoa’s mineralization.” – Edwin Naranjo Sierra, Vice‑President Exploration
  • “Mocoa keeps delivering across geology, recoveries and infrastructure advantages… More progress is coming, both from the drill bit and from our ground work.” – Ian Harris, President & CEO

Materiality Assessment: Material – Positive (new high‑grade core and corridor extension materially enhance the resource potential of a flagship project).

Read the original news release →

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